Needy Basket of Southern Miami County Inc

Analysis

Needy Basket of Southern Miami County Inc is a registered charity in United States, based in Tipp City, OH. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Needy Basket of Southern Miami County Inc reported income of $146k and spending of $207k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $456k to $146k (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Needy Basket of Southern Miami County Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include 31 Backpacks Inc ($146k), Good Samaritan Association of Bedford County Inc ($146k) and Insignia Foundation ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $428k against liabilities of $0, net assets of $428k.